RBC Capital analyst Keith Mackey maintained a Buy rating on Schlumberger (SLB – Research Report) on April 11 and set a price target of $69.00. The company’s shares closed last Friday at $52.00.
Mackey covers the Energy sector, focusing on stocks such as Schlumberger, Baker Hughes Company, and Halliburton. According to TipRanks, Mackey has an average return of 26.0% and a 69.36% success rate on recommended stocks.
Currently, the analyst consensus on Schlumberger is a Strong Buy with an average price target of $68.79, implying a 32.29% upside from current levels. In a report released on April 10, Wells Fargo also assigned a Buy rating to the stock with a $68.00 price target.
SLB market cap is currently $74B and has a P/E ratio of 17.85.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Schlumberger (SLB) Company Description:
Founded in 1926, Schlumberger NV is an oilfield services company, which provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.
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